Question
Scenario: Assume you work for a construction company that is bidding on a greenfield project (being built from the ground up). The project entails the
Scenario: Assume you work for a construction company that is bidding on a greenfield project (being built from the ground up). The project entails the construction of a 2-story, 40,000 SF office building.You have been asked to prepare an estimate for the bid, and part of preparing any estimate accounting for the several types of risks that may be encountered. Common risk categories are:
- Construction-related risks
- Physical risks (subsurface conditions)
- Contractual and legal risks
- Performancerisks
- Economic risks
- Political and public risks
Question: How would you consider, treat, react to, account for, and estimate for the following potential risks?
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Research Methods For Business Students
Authors: Mark Saunders, Philip Lewis, Adrian Thornhill
4th Edition
0273701487, 9780273701484
